Summary by Futu AI
Canopy Growth Corporation (Canopy Growth) has filed a prospectus supplement related to the offer and sale of up to 20,949,390 common shares by selling securityholders. The shares include those issued pursuant to various agreements and amendments, such as the Option Agreement with Canopy Oak LLC, Jetty, and others, as well as shares issuable upon the exercise of warrants connected to private placements in September 2023 and January 2024. Additionally, shares were issued in connection with the acquisition of Wana Wellness, LLC, and in relation to unsecured convertible debentures issued by Canopy Growth. The registration of these shares does not necessarily mean they will be sold, and the selling securityholders may sell the shares through various methods at varying prices. Canopy Growth will not receive any proceeds from the resale of shares by the selling securityholders. The prospectus supplement also details the plan of distribution and legal matters, including the indemnification of underwriters and the enforceability of civil liabilities under Canadian and U.S. law.